## **KIPPAX WELFARE SPORTS & SOCIAL CLUB** ## **ACCOUNTS** **FOR THE YEAR ENDED 31ST MARCH 2023** **SMITH TURNER CHARTERED ACCOUNTANTS UNIT 7 COURTYARD 31 PONTEFRACT ROAD NORMANTON WF6 1JU** 1. ## **KIPPAX WELFARE SPORTS & SOCIAL CLUB** ## **TRADING AND REVENUE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2023** |||**2023**||**2022**|| |---|---|---|---|---|---| ||£|£|£||£| |Sales of Refreshments||73,515|||51,367| |Opening Stock|2,436||2,284||| |Purchase of Refreshments|42,079||23,651||| |Closing Stock|(2,558)||(2,436)||| |||41,957|||23,499| |**GROSS PROFIT**||31,558|||27,868| |**Add ADDITIONAL SOURCES OF INCOME**|||||| |Room hire|1,398|||-|| |Sundry receipts|3,496|||-|| |Grants, Subs & Donations|5,970||13,978||| |||10,864|||13,978| |||42,422|||41,846| |**EXPENSES**|||||| |Salaries & Wages
|13,079||14,450||| |Telephone
|548||1,496||| |Printing, Postage & Stationery|657||352||| |Cleaning Materials & Laundry|3,353||1,649||| |Rates|935||1,029||| |Licence & Insurance|5,142||2,321||| |Repairs & renewals|9,667||7,883||| |Light & heat|10,792||3,306||| |Accountancy|915||875||| |Legal & Professional fees|400||249||| |Bank charges|572||424||| |Grant Contribution|(3,381)||(3,381)||| |Depreciation of Fixed Assets|4,825||4,820||| |||47,504||35,473|| |**(DEFICIT) / SURPLUS**for the year after tax||(5,082)||6,373|| There are no recognised gains or losses in the two years other than those shown in the Trading and Revenue Accounts. None of the Club’s activities were acquired or discontinued during either of the above years. 2. **KIPPAX WELFARE SPORTS & SOCIAL CLUB** **BALANCE SHEET AS AT 31[ST] MARCH 2023** |
**CAPITAL ACCOUNT**
Opening Balance
Club (Deficit) / Surplus for the year
Funds from sporting sections

**INVESTED IN: **
**FIXED ASSETS**
**CURRENT ASSETS**
Stock of Refreshments
Debtors
Cash in Bank & in Hand
**CURRENT LIABILITIES**
Expenses Accrued
Other Creditors
**NET CURRENT ASSETS**
TOTAL ASSETS LESS CURRENT
LIABILITIES
Deferred Income
**NET ASSETS**|**Note**


2
3
4

5
6|**2023**
£ £
94,652
(5,082)
-
89,570
152,176
2,558
186
18,501

21,245

1,221
10,775

11,996
9,249
161,425
(71,855)
89,570|**2022**
£

2,436
1,214
22,425
26,075
1,415
10,450
11,865|**2022**|£
88,279
6,373
-
94,652
155,678
14,210
169,888
(75,236)
94,652| |---|---|---|---|---|---| The notes on pages 3 to 5 form an integral part of these financial statements The financial statements were approved on xx xxx xxxx by **J. TORVILL** Treasurer 3. ## **KIPPAX WELFARE SPORTS & SOCIAL CLUB** **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023** ## **1. ACCOUNTING POLICIES** The club has several sporting sections which are responsible for the promotion of their respective sorting activities. Each of the sporting sections is responsible for their own receipts and payments and each sporting section holds their own annual general meeting at which the financial accounts of that section are presented. The receipts and payments of the individual sporting sections are not reflected in these financial accounts of the management committee with the exception of the amounts paid to the management committee to assist in meeting costs and expenses. ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). ## **Income** The income shown represents the net amounts receivable by the Club exclusive of Value Added Tax. ## **Tangible Fixed Assets & Depreciation** Property is depreciated on a straight line basis at a rate of 2% per annum on cost. Other assets are depreciated on a reducing balance basis at 15% per annum. ## **Property** Property is valued at cost less depreciation to date and does not represent the current market value. ## **Stock of Refreshments** Stock on hand was valued by a professional stocktaker at cost price exclusive of Value Added Tax as at the close of business on the 31[st] March 2023. ## **KIPPAX WELFARE SPORTS & SOCIAL CLUB** **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023** 4. ## **2. FIXED ASSETS** |**2.**|**FIXED ASSETS**|||||| |---|---|---|---|---|---|---| |**3.**
**4.**

**5.**|


**Cost**
At 1stApril 2022
Additions
At 31stMarch 2023
**Depreciation**
At 1stApril 2022
Charge for the year
At 31stMarch 2023
**Net Book Value**
At 31stMarch 2023

At 31stMarch 2022

**STOCKS**
Stock on hand
**DEBTORS**
Trade Debtors
Other Debtors
**CURRENT LIABILITIES**|**Freehold**
**Property**
£
237,402
--|||**Furniture,**
**Fixtures**
**& Fittings **
£
64,481
1,323|**Total**
£
301,883
1,323
303,206
146,205
4,825
151,030
152,176
155,678
**2022**
£
2,436
-
1,214
1,214
5.
**2022**
£| |||237,402
89,020
3,533

92,553
144,849|||
65,804|| ||||
89,020
3,533
||
57,185
1,292|| ||||

92,553||
58,477|| ||||||
7,327|| |||
148,382|||
7,296|| |||


||
**2023**
£
2,558
8,028
186
8,214
**2023**
£||





| |**6.**|Taxes & social security costs
Members loans and donations
Accruals and deferred income

**LONG TERM LIABILITIES**
Deferred Grant Income|325
10,450
1,221
11,996
71,855|-
10,450
1,415| |---|---|---|---| ||||
11,865| ||||
75,236| **ACCOUNTANTS’ REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF KIPPAX WELFARE SPORTS & SOCIAL CLUB** 6. We have compiled the financial information of Kippax Welfare Sports & Social Club which comprises the profit and loss account, balance sheet and the related notes from the accounting records and information and explanations given to us. The financial information has been compiled on the accounting basis set out in note 1 to the accounts. The financial information is not intended to achieve full compliance with the provision of UK generally accepted accounting principles. You have approved the financial information for the year ended 31[st] March 2023 and have acknowledged your responsibility for it, for the appropriateness of the accounting basis and for providing all information and explanations necessary for its compilation. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore express any opinion on the financial information. ## **SMITH TURNER CHARTERED ACCOUNTANTS** Reporting Accountants Unit 7, Courtyard 31, Normanton, WF6 1JU x xxx xxx.